eToro

Forex.com is a kind of broker that offers numerous alternatives for CFDs and Forex for different clients in its worldwide regulated offerings. The broker has comprehensive research, diverse trading instruments not to mention that they also have full-featured platforms which are intended to serve the various needs of their esteemed customers appropriately.

Spread: Starting 0 Pips

Leverage: up to 400:1

Min Deposit: $50

Regulated: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA

FOREX.com

Despite both eToro and Forex.com providing great services that are very reliable to their esteemed clients, using their respective platforms as a trader is not a guarantee you will earn enormous returns. Whether you collaborate with eToro, Forex.com or any other type of broker, you should know that the possibilities of getting huge profits are much similar as those of suffering enormous losses. Therefore, if you want to start your online trading business, before you consider the services of any broker, it is appropriate you do your research first about the monetary market so that you can become more knowledgeable with everything connected to online trading.

By performing your homework accordingly, you will finally discover own tips which will help you minimize losses as well as maximize returns as a trader participating in the financial market. Here are some facts which can help you figure out between eToro and Forex.com, which trader is the best option for your online trading needs.

Forex.com vs eToro

General Overview of Forex.com and eToro

eToro is among the trailblazers of social trading. This broker has strong regulation and possesses more than ten years of trading experience.

Forex.com is a reputable broker with transparent policy and strong regulation. The broker provides top-notch terms and conditions for trading in CFDs, stocks and Forex on a wide array of platforms.

Both Forex.com and eToro are controlled in a major hub. However, unlike eToro, Forex.com is a publicly traded firm. When it comes to the number of currency pairs offered for trading by these brokers, Forex.com offers 37 more currency pairs than their counterpart eToro. Forex.com has 84 available currency pairs while eToro offers 47 different currency pairs.

Methods of Payment

eToro’s customers can make withdrawals from and deposits to their accounts through credit/debit cards including MasterCard and Visa, e-wallets Skrill, bank wire transfer, PayPal, Giropay, Neteller, WebMoney, and Yandex.

Spread: From 3 Pips

Leverage: 400:1

Min Deposit: $200

Regulated: NFA, FCA, CySec

eToro

As a client of Forex.com you can use credit/debit cards, and bank wire transfer as your payment methods. However, Forex.com allows their clients in the U.S. to make withdrawals and deposits through eCheck and Check (only U.S. bank accounts).

Traders utilizing the services of Forex.com are normally provided two basic trading platforms i.e. MetaTrader4 and FOREXTrader. However, the broker supports also Tradable and its remarkable ECN platform, GTX.

eToro is a broker that runs operations via its proprietary WebTrader and OpenBook platforms. The broker also has mobile applications to be used by their clients. The WebTrader is easy to use and very reliable as it has some incredible features including “One-Click Trading”, analysis indicators, and automated strategies.

Both eToro and Forex.com provide trading platforms which are not only flexible, but also very easy to use and navigate. These brokers also provide other reliable facilities to its customers including professional charting alternatives and order management instruments which are extremely dependable.

Though both eToro and Forex.com have great services which can meet the needs of most traders, their terms and conditions of services vary. Ensure therefore you compare their terms of operation carefully prior to choosing one so that you can note between the two which broker is having solutions that can favor your different trading desires better.

Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.

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